TDOC
Teladoc Health, Inc.7.41
+0.07+0.95%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guidance, adds insurance color
Q&A largely reaffirmed prepared remarks on flat revenue and modest EBITDA growth, but added color on drivers like ACA subsidy expirations pressuring Integrated Care membership to 97-100 million, offset by steady utilization. Management highlighted early BetterHelp insurance traction—sessions exceeding 1,200 daily—with visibility into $75-90 million revenue via state rollouts and payer adds. Chronic Care bundling gained cross-sell wins; health plans sparked strategic talks on innovations like 24/7 care. Guidance ranges widen on BetterHelp variability. Insurance sessions now exceed 1,200 daily. Investors will eye insurance ramp and visit growth durability amid macro caution.
Key Stats
Market Cap
1.32BP/E (TTM)
-Basic EPS (TTM)
-1.26Dividend Yield
0%Recent Filings
10-K
FY2025 results
Teladoc Health posted FY2025 revenue of $2.53B, down 2% y/y, with Integrated Care up 3% to $1.58B on 9% membership growth to 101.8M while BetterHelp fell 9% to $950M as paying users dropped 5% to 0.39M. Q4 brought seasonal strength from cold/flu visits and reduced BetterHelp marketing, yielding Adjusted EBITDA of $281M (down 10% y/y) and $295M operating cash flow. Acquisitions of Catapult, Uplift, and Telecare added ~2pp to revenue but triggered $72M goodwill impairments. Free cash flow held at $167M. Corporate practice of medicine laws in more states threaten quarterly momentum.
8-K
Q4 revenue flat, loss shrinks
Teladoc Health reported Q4 2025 revenue flat at $642.3M while full-year revenue dipped 2% to $2.53B, yet narrowed net loss sharply to $200.3M from $1B prior year. Adjusted EBITDA rose 12% to $83.8M in Q4, buoyed by 23% Integrated Care growth offsetting BetterHelp weakness. Momentum builds. Guides 2026 revenue $2.47-2.59B.
8-K
Teladoc appoints finance veteran Smith
Teladoc Health expanded its board to ten directors and appointed Michael S. Smith, ex-CFO of Voya Financial and audit committee financial expert, effective February 18, 2026. He joins audit and nominating committees amid retirements, bringing transformation expertise for strategic growth. Board shrinks to nine post Thomas McKinley's February 20 exit. Smith's regulated markets savvy bolsters oversight.
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